France's economy minister Tuesday urged IMF chief Dominique Strauss-Kahn to stay at the global lender, as French conservatives sought to impede his potential bid for the French presidency next year.
IMF chief Dominique Strauss-Kahn said the currencies of China and other emerging economies such as Brazil should play a greater role in global finance, as part of a bid to promote monetary stability
Nouriel Roubini the New York University professor, who predicted the credit crisis, said China and other emerging markets risk a “hard landing” as they start raising interest rates to fight inflation.
Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.
IMF warned inflation is threatening South America but also admitted countries had a dilemma since increasing interest rates could further worsen the appreciation of local currencies vis-à-vis the US dollar.
The weight of Japan's public debt, the highest in the world, is unsustainable in the medium and long term warned this week Naoyuki Shinohara, Deputy Executive Director of the International Monetary Fund.
The International Monetary Fund urged Uruguay to focus policies on securing “a soft economic landing” amid a surge in capital inflows to emerging economies and higher commodity prices.
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.
North Africa and Middle East civil unrest can be expected to spread to several other countries if as anticipated the FAO Food Prices Index for January 2011 confirms the December 2010 tendency when the “basket” of food staples reached a new peak.
The International Monetary Fund’s assessment that Brazil’s fiscal situation is worsening and putting at risk the government’s targets is “totally wrong” and “stupid,” Finance Minister Guido Mantega said.